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Preiss Company Executives Re-Appointed to National Multi Housing Board

Friday April 23, 2010

Company CEO and Executive Vice President begin their second term on Council committed to serve the apartment industry

RALEIGH, NC – March 23, 2010 – The Preiss Company (“TPCO”), specializing in the development, acquisition, and management of off-campus student housing, has announced that Donna Preiss and Susan Folckemer have been appointed to the Board of Directors of the National Multi Housing Council (NMHC) for a second year. With its joint legislative partner, the National Apartment Association, NMHC serves as the apartment industry’s primary advocate on legislative and regulatory matters. As Founder and Chief Executive Officer of TPCO, Preiss has been recognized by Triangle Business Journal as one of the Triangle’s most successful professional women and was awarded their 2006 Women in Business Award. She has also been honored by Business Leader magazine and Triangle Real Estate magazine as an Impact Triangle Real Estate Broker for 2007/2008.

Throughout her career, Preiss has participated in the development and acquisition of over 9,000 multi-family beds and secured lending for just under $400,000,000 in development and investment property. In addition to the NMHC, Preiss also serves on the Board of Directors of the SPCA and the Raleigh Chamber of Commerce. She also serves on the Raleigh Chamber of Commerce Advisory Board and is a member of the NAA National Student Housing Committee, the NMHC National Student Housing Committee, and the Women President’s Organization.

“The industry contacts I make and the timely information I receive through NMHC are invaluable,” says Preiss. “The ability to anticipate industry trends or fluctuations in the market is what keeps us ahead of the curve and positioned for success. I’m proud to support NMHC and equally honored to be serving on its Board of Directors for a second year, alongside so many talented and dedicated professionals from across the nation.”

Folckemer is TPCO’s Executive Vice President and oversees all acquisition, disposition, development and operations for the company. She is responsible for all joint venture and partnership relationships, as well as new business development activities. Folckemer has served as President for both Triangle Commercial Real Estate Women (TCREW) and the Institute of Real Estate Management Greater Raleigh-Durham Chapter (IREM) and currently serves on the Student Housing Committee for both the NMHC and National Apartment Association (NAA), and is actively involved in the Triangle Commercial Association of Realtors (TCAR) and Certified Commercial Investment Manager (CCIM).

Based in Washington, DC, NMHC is a national association representing the interests of the larger and most prominent apartment firms in the U.S. NMHC's members are the principal officers of firms engaged in all aspects of the apartment industry, including owners, developers, managers and financiers. Nearly one-third of Americans rent their housing and 16 million American households live in an apartment. NMHC also conducts apartment-related research, produces strategic information on business-related issues, and promotes the desirability of apartment living.

About The Preiss CompanyFounded in 1987 by Donna Preiss, The Preiss Company employs over 200 team members and is largest provider of off-campus student housing at North Carolina State University, Clemson University, Auburn University in Alabama, Coastal Carolina University and Winthrop University in SC, and the University of Texas in Austin and the second largest provider at UNC Charlotte. TPCO is the leader in the development of new technologies, tools, and strategies for the student housing industry and also acts as a receiver for several national banks. In its 23rd year, the company has formed over 50 partnerships and developed over 20 projects stretching from Maryland to Texas. TPCO was awarded the Steady Growth and Profitability Master Award by the Greater Raleigh Chamber of Commerce in 2009 and its South Carolina property was recently featured by Apartment Finance Today as one of the publication’s “13 Most Creative Deals of 2009”. For more information, visit www.tpco.com.